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Plastic Fittings and Tubing for Pharmaceutical and Medical Market Analysis

  • Report ID: GMI12086
  • Published Date: Nov 2024
  • Report Format: PDF

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Plastic Fittings and Tubing for Pharmaceutical and Medical Market Analysis

Manufacturers of plastic fittings and tubing for pharmaceutical and medical faces challenges due to strict regulations. As these products need to meet high standards of quality, safety, and biocompatibility to ensure medical devices are safe and effective. In the United States, manufacturers must follow the FDA's Quality System Regulation (QSR). In the European Union, they must comply with the Medical Device Regulation (MDR). These rules cover all parts of manufacturing, including design, production, testing, and labeling.

 

The Advanced Medical Technology Association (AdvaMed) states that these regulations are crucial for maintaining high standards in medical device manufacturing. If companies fail to comply with these regulations, their market value, trust, and long-term credibility could be adversely affected.
 

Global Plastic Fittings and Tubing for Pharmaceutical and Medical Market Size, By Product Type, 2021 – 2032 (USD Billion)

In 2023 the tubing segment has emerged as dominant segment generating a revenue of USD 4.01 billion and is anticipated to reach around USD 6.86 billion during 2024 to 2032. Plastic tubing is the leading product in the global plastic fittings and tubing for pharmaceutical and medical market. It is crucial for many uses, such as fluid transfer in IV systems, drug delivery, and diagnostic devices. Plastic tubing is flexible, durable, and easy to customize, making it ideal for medical settings that need reliable and sterile fluid handling.
 

The demand for single-use and disposable solutions is growing to meet strict infection control standards, making tubing systems essential in biopharmaceutical and medical applications. Advances in material technology have improved tubing performance, making it more resistant to chemicals, more biocompatible, and less likely to cause contamination. As a result, healthcare providers increasingly use plastic tubing to ensure safe and efficient fluid management, keeping it at the top of the market.
 

Global Plastic Fittings and Tubing for Pharmaceutical and Medical Market Revenue Share, By End User, (2023)

The hospitals and clinics have emerged as a dominant segment accounting for a market share of around 36% in 2023 and is anticipated to grow at a CAGR of 6.4% through2032. Hospitals and clinics are dominating end use segments in global plastic fittings and tubing for pharmaceutical and medical market because they need many disposable and single-use medical devices. These facilities focus on infection control and sterility, making disposable plastic parts crucial for fluid management, IV therapy, drug administration, and diagnostics. Every day, hospitals and clinics use large amounts of plastic tubing and fittings to keep hygiene standards high.
 

As healthcare facilities grow worldwide and use more advanced medical procedures, their need for reliable, biocompatible, and cost-effective plastic parts increases. This ongoing high demand makes hospitals and clinics key drivers of market growth.
 

U.S. Plastic Fittings and Tubing for Pharmaceutical and Medical Market Size, 2021 – 2032 (USD Billion)

U.S. plastic fittings and tubing for pharmaceutical and medical market size crossed USD 2.45 billion in 2023 and is estimated to grow at a CAGR of over 6.6% from 2024 to 2032, due to the presence of the most advanced and comprehensive healthcare systems in the world, characterized by a high number of healthcare facilities, including hospitals, clinics, and specialized medical centers. This extensive network drives a significant demand for medical supplies, including plastic fittings and tubing.
 

Country-level Analysis

North America: In 2023, the U.S. held 89% of the North American market for plastic fittings and tubing in the pharmaceutical and medical sectors, with a projected CAGR of 6.6% until 2032. Increasing adoption of single-use medical devices drives this demand.
 

Canada's market grew by 6.2% in 2023, supported by its numerous research institutions and biotechnology firms, which require high-quality plastic fittings and tubing for advanced medical technologies.
 

Europe:  In 2023, Europe held approximately 28% of the global market share in plastic fittings and tubing for the pharmaceutical and medical sectors, with a projected CAGR of 6.1% up to 2032. Increasing environmental awareness is driving European manufacturers to develop eco-friendly plastic materials, fostering innovation in medical supplies. Germany, with a 33% market share in 2023, is expected to grow at a CAGR of 6.6%. Strict regulations, such as the Medical Device Regulation (MDR) and In-vitro Diagnostic Regulation (IVDR), drive the market. These regulations ensure high standards for safety, quality, and performance, compelling manufacturers to use high-quality materials and advanced production methods.
 

Asia Pacific: In 2023, China led the Asia Pacific market for plastic fittings and tubing in pharmaceuticals and medical applications with a 37% market share. It is expected to grow at a CAGR of 6.3% from 2024 to 2032. Rapid urbanization, a growing healthcare sector, and cost-effective manufacturing drive this growth. Government investments in healthcare increase demand for medical supplies, while efficient manufacturing attracts both domestic and international buyers, solidifying China's key market position.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for plastic fittings and tubing for pharmaceutical and medical was reached USD 7.17 billion in 2023 and is estimated to grow at a 6.1% CAGR from 2024 to 2032, driven by the increasing demand for disposable medical devices.

The plastic tubing segment generated USD 4.01 billion in 2023 and is anticipated to reach around USD 6.86 billion during 2024 to 2032, owing to its flexibility, durability, and ease of customization.

Hospitals and clinics accounted for around 36% of the market share in 2023 and is expected to grow at a 6.4% CAGR through 2032, led by their extensive use of disposable and single-use medical devices.

The U.S. market for plastic fittings and tubing market for pharmaceutical and medical sectors crossed USD 2.45 billion in 2023 and is estimated to grow at a 6.6% CAGR from 2024 to 2032, supported by its advanced and comprehensive healthcare system.

Key players include AP Extrusion, Atlas Copco, Eldon James, Freudenberg Medical, Navtar, New Age Industries, Nordson, Parker Hannifin, Polymer Solutions, Qosina, Raumedic, Saint-Gobain Performance Plastics, Smiths Medical, Tekni-Plex, and Trelleborg.

Plastic Fittings and Tubing for Pharmaceutical and Medical Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 315
  • Countries covered: 18
  • Pages: 250
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